If they pass a rule saying they can collect the fee, then they can do just that.

In this instance, the sponsor and all the various fund of funds will be collectively making $1.65mm the day this deal closes.  

Or if it's a situation where they're housing a relative or a friend who is homeless for a couple of months I would monitor the situation and collect the rent.

So you're collecting a fee for the picks and annual fees for maintaining the "LLC loophole" you believe you've created around the accredited investor requirement.I have to wonder what level of detail was shared with the attorney.

Happy almost Summer BP Community,I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold investments in small multifamily properties (2-4 units).

I cancelled my subscription and as you said, they also tried to collect funds, and luckily that card no longer worked.

Are they being honest with collecting coins?

Any unpaid bills will be the liability of the seller (of course then you need to pursue the seller in civil court to collect).

You've been collecting rents for 14 years but only looked into paying taxes on that money two years ago?

If you were to be sued and loss, where would they fall in terms of collecting money?